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Economic woes continue to batter Brunei as oil output hits record low

Brunei’s crude oil production plunged to a record low in the third quarter of 2021 as the second COVID wave took a toll on the economy, which shrank for the fourth consecutive quarter. The Brunei economy sunk deeper into recession after posting a negative growth of 2.2 percent in Q3 2021, according to the Department […]

Brunei reaffirms commitment to climate action

The 26th Session of the United Nations (UN) Climate Change Conference (COP 26) continues in Glasgow, Scotland.

Renewables to make up 30% of Brunei’s power generation by 2035 -minister

Oct 25 (Reuters) – Brunei aims to meet 30% of itsoverall power generation mix with renewable energy by 2035, Energy Minister Awang Haji Mat Suny bin Haji Md Hussein said on Monday, as the country aims to accelerate progress towards greener energy.

Brunei banks on technology to preserve its economic lifeline: fossil fuel

Brunei Darussalam’s renewable energy policy is as modest as its hydrocarbon strategy is ambitious. The petrostate is banking on technology to reduce its carbon footprint to preserve its ambitious expansion of oil and gas activities.

IMF Concludes 2021 Article IV Consultation with Brunei Darussalam

Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1]with Brunei Darussalam.

Covid threatens to derail Shell’s oil and gas output in Brunei

Brunei Shell Petroleum has rolled out measures in an attempt to ward off disruptions to oil and gas production in Brunei following a significant number of Covid-19 infections detected at offshore platforms in the Champion field, the country’s biggest source of hydrocarbons. The latest surge in Covid-19 cases is particularly concerning as it marks the […]

Agreement inked to boost downstream industry in Brunei

BANDAR SERI BEGAWAN (Borneo Bulletin/Asia News Network): Brunei Fertilizer Industries Sdn Bhd (BFI) signed a service agreement in a virtual ceremony with Muara Port Company Sdn Bhd (MPC) to undertake logistics, operations and port-handling services for the purpose of exporting granular urea for BFI.

Brunei: Measures rolled out to ward off disruptions to oil and gas production

BANDAR SERI BEGAWAN, Sept 7 (Borneo Bulletin/ANN): Measures have been implemented to ensure no disruptions to the production of oil and gas amid worrying number of Covid-19 positive patients in the Champion-7 Cluster.

Shell hit by Covid-19 clusters in Brunei

Brunei’s oil and gas sector has been reporting an increasing number of Covid-19 cases following 22 new infections that were linked to the Shell-operated Champion 7 offshore oilfield cluster.

Economic diversification gathers pace as oil reliance wanes: CSPS

BANDAR SERI BEGAWAN – Brunei has made “substantial progress” in diversifying its oil-driven economy in recent years, and should continue harnessing its strengths in energy to build an internationally competitive industrial sector, said the Center for Strategic and Policy Studies (CSPS).